Page 30 - Buzios News Today

Rio de Janeiro — Brazilian state-led oil company Petrobras will be reimbursed around $6.5 billion for investments it made to develop the Atapu and Sepia subsalt fields in the transfer-of-rights area in an agreement to clarify terms ahead of a production-sharing auction to sell the two fields. Not registered? The auction is expected to take place in the second half of 2021. The agreement, reached April 9 between Petrobras and government subsalt management company Pre-Sal Petroleo SA, ...

Zirk Botha finally on terra firma in Rio after transatlantic row By Nomalanga Tshuma Share Cape Town - After months at sea with no company but his own, avid South African adventurer and former naval officer Zirk Botha finally completed his first solo transatlantic ocean crossing on his boat ‘Ratel’ late on Saturday evening. In completing the crossing, Botha set world records as the first person to row a south transatlantic route alone and unsupported by any safety craft, and for the fastest...

Sabrina Valle, Marta Nogueira (Adds Petrobras response, context) RIO DE JANEIRO, Feb 3 (Reuters) - A consortia led by Singapore-based Keppel Shipyard Limited offered Brazil’s Petrobras the lowest price to build a floating platform for Buzios, Latin America’s second-largest oil field, three people close to the competition said. Keppel offered to build P-78, a 180,000-barrels-per-day production unit that Petrobras plans for its deepwater Buzios field, for 12.52 billion reais ($2.33 billion), ...

Offshore EPC investment primed for a rapid bounce-back in 2021 - Westwood Insight 02 Feb 2021 2020 will be remembered as one of the most challenging years in the history of the oil and gas sector.  Oil consumption fell to levels not seen since 2001 and at one point US producers were paying to offload crude as the WTI price went negative for the first time ever. In the offshore sector, investment in new field developments was the lowest in over 30 years as companies of all sizes reacted quickly...

1 February 2021 16:35 GMT Updated  1 February 2021 16:35 GMT in  London The offshore engineering, procurement and construction market is expected to quickly recover this year, boosted by projects postponed from 2020 and a resurgent Petrobras, according to analysts Westwood Global Energy Group. Westwood’s base case outlook for 2021, which assumes a Brent crude price averaging $50 per barrel, currently forecasts firm and already awarded offshore EPC contracts of around $29 billion...

(Adds companies’ no-comment in 10th paragraph.) RIO DE JANEIRO, Jan 28 (Reuters) - Three consortia including Asian shipyards are preparing to compete to build Brazilian state-controlled oil firm Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender. Samsung Heavy Industries Co, Daewoo Heavy Industries & Machinery Ltd, and Hyundai Heavy Industries Holding Co Ltd have formed separate consortia that are expected to bid after seven m...

3 Min Read RIO DE JANEIRO (Reuters) - Three consortia including Asian shipyards are preparing to compete to build Brazilian state-controlled oil firm Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender. Slideshow ( 3 images ) Samsung Heavy Industries Co, Daewoo Heavy Industries & Machinery Ltd, and Hyundai Heavy Industries Holding Co Ltd have formed separate consortia that are expected to bid after seven months of preparations, t...

One contractor emerges with lowest bids, but Brazilian oil giant will share deals worth a combined $500 million between two subsea players

By Matthew Smith - Jan 19, 2021, 3:00 PM CST The sub-Saharan country of Angola is not one which readily springs to mind when thinking about oil producing nations. The deeply impoverished former Portuguese colony, which is an OPEC member joining the cartel in 2007, is the second largest oil producer behind Nigeria and ahead of Algeria, also both cartel members. The sub-Saharan country experienced a massive oil boom from 2002 into 2008 after the discovery of considerable offshore pre-salt oil res...

Advertising Image: Escondida copper mine, Atacama Desert, Chile. Source: BHP January 2021 — Myth Buster As some aspects of the pandemic recede, or at least as some businesses...